Barclays PLC Has $2.69 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Barclays PLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,977 shares of the company’s stock after buying an additional 84 shares during the period. Barclays PLC owned about 0.07% of Grand Canyon Education worth $2,692,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LOPE. Reston Wealth Management LLC acquired a new position in Grand Canyon Education in the 3rd quarter worth about $28,000. True Wealth Design LLC acquired a new position in shares of Grand Canyon Education in the third quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in Grand Canyon Education during the 3rd quarter worth approximately $60,000. Quarry LP bought a new stake in Grand Canyon Education during the 2nd quarter worth approximately $109,000. Finally, GAMMA Investing LLC increased its position in Grand Canyon Education by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock valued at $109,000 after acquiring an additional 127 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on LOPE. Robert W. Baird lifted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barrington Research increased their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Up 1.2 %

LOPE stock opened at $162.94 on Wednesday. The firm has a market cap of $4.75 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.38 and a beta of 0.76. The stock has a 50-day moving average price of $155.77 and a 200-day moving average price of $147.05. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.